Facebook stock: How it's fared since IPO

Facebook stock fell for the third straight day Friday. How has the stock done since its debut? A look at Facebook stock's first 30 trading days on the market.

By The Associated Press / June 30, 2012

In this May 2012 file photo, electronic screens show the price of Facebook shares after they began trading in New York. Facebook has declined 16 days and gone up 14 days since going public. (AP Photo/Richard Drew)

Richard Drew/AP/File

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Facebook?Inc.'s?stock?fell again Friday, the third straight day of decline.

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It lost 27 cents, or nearly 1 percent, to close at $31.09. That's down 18 percent from its public offering price of $38.

The?stock?has been up on 14 trading days and down on 16 since its initial public offering.

Facebook?began trading publicly in mid-May following one of the most anticipated?stock?offerings in history. The IPO priced at $38, at the top of a projected range that?Facebook?had already boosted just days earlier.

Although many investors had hoped for a big first-day pop,?Facebook's?stock?opened on May 18 at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23.

The?stock?had fallen sharply in the weeks following the IPO, going as low as $25.52. It had been making a comeback over the past two weeks.

The company, along with the investment banks that led the IPO, is the subject of dozens of shareholder lawsuits. They allege that analysts at the large underwriting investment banks cut their financial forecasts forFacebook?just before the IPO and told only a handful of clients.?Facebook?and the banks overseeing the IPO insist that nothing about its IPO process was illegal or even out of the ordinary.

Here's how?Facebook's?stock?has traded since the IPO:

? Friday, May 18: Closed at $38.23, up 0.6 percent from IPO price

? Monday, May 21: Closed at $34.03, down 11 percent for the day, down 10 percent from IPO price

? Tuesday, May 22: Closed at $31, down 8.9 percent for the day, down 18 percent from IPO price

? Wednesday, May 23: Closed at $32, up 3.2 percent for the day, down 16 percent from IPO price

? Thursday, May 24: Closed at $33.03, up 3.2 percent for the day, down 13 percent from IPO price

? Friday, May 25: Closed at $31.91, down 3.4 percent for the day, down 16 percent from IPO price

? Tuesday, May 29: Closed at $28.84, down 9.6 percent for the day, down 24 percent from IPO price

? Wednesday, May 30: Closed at $28.19, down 2.3 percent for the day, down 26 percent from IPO price

? Thursday, May 31: Closed at $29.60, up 5 percent for the day, down 22 percent from IPO price

? Friday, June 1: Closed at $27.72, down 6.4 percent for the day, down 27 percent from IPO price

? Monday, June 4: Closed at $26.90, down 3 percent for the day, down 29 percent from IPO price

? Tuesday, June 5: Closed at $25.87, down 3.8 percent for the day, down 32 percent from IPO price

? Wednesday, June 6: Closed at $26.81, up 3.6 percent for the day, down 29 percent from IPO price

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/c0eeGWJKUJE/Facebook-stock-How-it-s-fared-since-IPO

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